On January 1st, 2020, a new regulation, IMO 2020, will come into force to limit the amount of sulphur emitted globally by the shipping industry. Marine Underwriter Pauline des Vallières and Senior Onshore Energy Underwriter Jean-Christophe Candelon take us through the impacts of this major clean-up for shipping, refineries and the (re)insurance industry

On January 1st, 2020, a new regulation, IMO 2020, will come into force to limit the amount of sulphur emitted globally by the shipping industry. Marine Underwriter Pauline des Vallières and Senior Onshore Energy Underwriter Jean-Christophe Candelon take us through the impacts of this major clean-up for shipping, refineries and the (re)insurance industry

84% percent of global consumer goods are transported by sea. Today, shipping is not only the most widely used means of transport in the world, but also the most efficient per ton shipped – and the one that pollutes the least. That being said, given the fact that 12 billion tons of goods were transported by sea in 2018 alone, the emissions of cargo ships must be taken into consideration.